The NYU Stern school of business is hosting the latest installment of the "In Conversation with Mervyn King" series featuring outgoing Fed chair, ?Janet Yellen, who in just over two months, will depart the Fed, making way for her replacement, former Carlyle partner Jay Powell.
WTI/RBOB bounced today in anticipation of a reversal of the last two week's builds in crude inventories, and bulls were not disappointed by the API print. Jan '18 WTI pushed above $57 and RBOB rose after a big crude draw (though gasoline build).
“It looks like we are going to get a draw in crude oil inventories. That’s somewhat supportive,” John Kilduff, a partner at Again Capital LLC, a New York-based hedge fund, said by phone.
Is it just us, or are corporate executives exiting almost as fast as Hollywood sex perverts?
Moments after we learned that the head of Pixar and animation at Disney was taking a leave of absence due to "kissing, groping" missteps, HP Enterprise announced that long-time CEO Meg Whitman is stepping down effective February 1, 2018. And no, no sexual harassment here, although in light of the business' secular decline that may have been a better option for shareholders.
Ignore gold, ignore earnings expectations, ignore the dollar, ignore the yield curve... and...
On September 12, Jamie Dimon caused a stir (and selloff) within the cryptocurrency community when he lashed out at bitcoin, calling it a "fraud" which is "worse than tulip bulbs, predicting "it won't end well", will "blow up" and "someone is going to get killed." Oh, and just to make it clear, "any JPM trader caught trading bitcoin" would be "fired for being stupid."